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Gary Davis CPA
Oct 10, 2007 - 8:46AM
Re: Re: Lease or Buy Car

One other thought on buying versus leasing: If you drive a lot of miles and usually to take good care of your car, buying may be the better way to go.

Most leases have annual mileage limits in the 12-15,000 mile range and will charge you more for mileage above these limits. I take very good care of my vehicles and I general don't buy a new one until they are between 150-200,000 miles. Leasing would almost certainly substantially more expensive for me.

So I agree with the article's conclusion - it depends.

Zip Code: 43232

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